Bengaluru's Rs.10 crore (US$ 11,82,033) plus home market hits Rs. 1,000 crore (US$ 118.20 million) milestone in FY25

Bengaluru's luxury housing market has achieved a significant milestone, with sales of homes priced at Rs.10 crore (US$ 11,82,033) and above reaching Rs. 1,000 crore (US$ 118.20 million) in FY25, marking a 59% increase from the previous year, according to a report by India Sotheby's International Realty (ISIR) and CREMatrix. 78 luxury homes were sold in the fiscal year, compared to 51 in the previous year. The Rs.10-12 crore (US$ 11,82,033 – 141,84,40) price bracket witnessed the highest sales, driven by demand from CXOs, startup founders, high net-worth individuals (HNIs), and globally mobile Indians. Many buyers purchase these homes for a living and as a strategic investment. Ashwin Chadha, CEO of ISIR, noted that Bengaluru's luxury housing market has entered a new league, with buyers investing in a lifestyle as much as a home. This is the first time Bengaluru has crossed the Rs. 1,000 crore (US$ 118.20 million) mark in luxury housing sales in a single fiscal year, said CEO of CRE Matrix, Mr. Abhishek Kiran Gupta.

The Hebbal area led the luxury housing boom, accounting for 22% of the total sales value and 19% of the total units sold in FY25. Real estate developers attribute the surge to better infrastructure, metro expansion, and Bengaluru's growing corporate presence. Locations like Varthur and Gunjur are becoming increasingly popular due to their connectivity to tech hubs, said the Chairman of Sanjeevini Group, Mr. Umesh Gowda. Vaishnavi Group’s Mr. Darshan Govindaraju highlighted that ESOP-rich tech professionals and investors seeking capital gains are entering the luxury housing space. Sterling Developer Ms. Anjana Sastri added that high rental yields, IT growth, and lifestyle aspirations make Bengaluru a top choice for premium housing. Chairman and Managing Director of Sumadhura Group, Mr. Madhusudhan G, commented that infrastructure improvements, including the metro rail network expansion, strongly drive the housing demand in Bengaluru.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.